ADA Trading Volume Explodes, Whales Pile In: ADA Price Surge to $2 Around the Corner?
- Large holders added 50 million ADA in 48 hours, following 190 million.
- Cardano’s Lace wallet is now multi-chain, supporting Bitcoin for the first time.
- Analyst suggests ADA could reach $2 if it closes above $1.15 daily.
Cardano (ADA) is seeing a massive surge in trading volume and significant whale accumulation, even as its price remained relatively stable.
Data shows a dramatic 63.84% jump in ADA’s 24-hour trading volume, reaching over $1.12 billion. Large ADA holders; whales, are actively increasing their stakes, adding over 50 million ADA just in the past 48 hours.
This buying spree followed an earlier whale purchase of 190 million ADA just the day before. But even with all this activity, ADA’s price hasn’t moved much, which begs the question if all this whale activity can push ADA’s price up.
Input Output Global (IOG), the company behind the Cardano blockchain, had announced that their Lace wallet is now multi-chain. So as it stays, Bitcoin is now integrated into the Cardano blockchain for traders adopting Lace wallet.
What’s Holding ADA Back?
Cardano’s price is currently in a holding pattern, primarily trading between $0.69 a…
The post ADA Trading Volume Explodes, Whales Pile In: ADA Price Surge to $2 Around the Corner? appeared first on Coin Edition.
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ADA Trading Volume Explodes, Whales Pile In: ADA Price Surge to $2 Around the Corner?
- Large holders added 50 million ADA in 48 hours, following 190 million.
- Cardano’s Lace wallet is now multi-chain, supporting Bitcoin for the first time.
- Analyst suggests ADA could reach $2 if it closes above $1.15 daily.
Cardano (ADA) is seeing a massive surge in trading volume and significant whale accumulation, even as its price remained relatively stable.
Data shows a dramatic 63.84% jump in ADA’s 24-hour trading volume, reaching over $1.12 billion. Large ADA holders; whales, are actively increasing their stakes, adding over 50 million ADA just in the past 48 hours.
This buying spree followed an earlier whale purchase of 190 million ADA just the day before. But even with all this activity, ADA’s price hasn’t moved much, which begs the question if all this whale activity can push ADA’s price up.
Input Output Global (IOG), the company behind the Cardano blockchain, had announced that their Lace wallet is now multi-chain. So as it stays, Bitcoin is now integrated into the Cardano blockchain for traders adopting Lace wallet.
What’s Holding ADA Back?
Cardano’s price is currently in a holding pattern, primarily trading between $0.69 a…
The post ADA Trading Volume Explodes, Whales Pile In: ADA Price Surge to $2 Around the Corner? appeared first on Coin Edition.
Read More
Positive News Barrage Hits Solana: Analyzing ETF and PayPal Moves